Oakville Real Estate News

Money Pits Hiding In Your Home


Blog by Joette Fielding | June 19th, 2017


Money Pit.jpgWhen people refer to their homes as "money pits," it generally conjures up stark and terrifying images of a huge chasm in the floor, sucking down dollars (thanks, Tom Hanks).

And the reality is that the classic big-ticket home problems, such as a faulty foundation or flooding basement, can indeed sweep through bank accounts like financial tsunamis. But just because your home isn't plagued by these traumas doesn't mean you're in the clear.

The fact is, many homes have mini money pits that, over time and put together, siphon off thousands of dollars. Here's where they're hiding, and what you can do to keep the financial hemorrhaging in check.

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